Phil Wahba

Phil Wahba

Phil Wahba joined Reuters in 2008 and has covered the exchanges, equity capital markets (IPOs), corporate bankruptcies and now covers retailers such as department stores and booksellers

Latest

Staples to Turn Parts of Some Stores Into Office Space

The move is just the latest by a big box retailer looking to find new uses for store space at a time more shopping is moving online.

Starbucks' New Prepaid Card Lets Customers Earn Awards Anywhere

The prepaid card will be available later this year and usable at any retail locations that accept Visa.

Staples and Office Depot: U.S. Government 'Simply Wrong' for Trying to Block Merger

More than a year ago, Staples offered to buy Office Depot in a transaction then valued at about $5.5 billion, pressured by declining sales in the office supplies sector and the rise of rivals.

Why the Owner of Saks Fifth Avenue Is Buying Gilt

The acquisition is principally aimed at turning the discount Saks Off Fifth chain into an ecommerce powerhouse.

As Amazon Prime Becomes More Popular, the Threat to Walmart, Target Grows

The service currently has almost 41 million members, according to a new survey.

American Apparel Files for Bankruptcy

The company has been trying to rebound since the ousting of its founder and former CEO Dov Charney.

American Apparel Issues Dire Warning to Shareholders

The embattled retailer warned investors could face 'substantial or total losses' of their investments.

Starbucks Denies Reports Its Mobile App Was Hacked

The coffee chain denied reports that said cyber-criminals had used its mobile payments app to siphon money from its customers.

Big Brands Form Mega Customer Loyalty Program

With participants including Macy's, Rite Aid and more, the coalition could shake up traditional rewards programs in the U.S.

Can Target's New CEO Re-Energize the Big Retailer?

A detailed look at Brian Cornell's new approach to a process-heavy company.

UPS Slammed By a Different Holiday Season Mess-Up

The shipping company cuts its profit forecast, blaming the cost of extra measures it took to ensure deliveries were on time during the 2014 holiday season, and hinted it would start charging retailers more.

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